Daily AgriCommodity Report

Page 1

Daily Newsletter-Agri Commodity 12/01/2012

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MARKET WRAP Cardamom extends downtrend Jeera and Pepper rebounds Mentha oil down on profit booking

Cardamom extended its downtrend on the back of fresh selling shredding almost 10 pts due to its subdued demand in near term. In spices, Jeera and Pepper rebounds witnessing short covering and fresh buying at lower levels to add gains of 304 pts and 175 pts respectively. Mentha oil ended down shredding 10 pts due to profit booking.

COMMODITY

P. CLOSE

LAST CLOSE

NET CHANGE

% CHANGE

CARDAMOM

581.00

571.60

-9.40

-1.62

CHANA

3,431.00

3,457.00

26.00

0.76

GUARGUM

28,253.00

29,384.00

1,131.00

4.00

GUARSEED

8,536.00

8,877.00

341.00

3.99

JEERA

15,172.00

15,476.00

304.00

2.00

MENTHA OIL

1,459.80

1,449.50

-10.30

-0.71

PEPPER

29,905.00

30,080.00

175.00

0.59

MUSTARD SEED

3,723.00

3,740.00

17.00

0.46

SOYABEAN

2,525.00

2,535.00

10.00

0.40

TURMERIC

4,640.00

4,630.00

-10.00

-0.22

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TECHNICAL VIEW CARDAMOM (JAN) Trend Strategy Resistance

• Consolidate • Sell on high • R2 - 593 • R1 - 579 • S1 - 565 • S2 - 551

Support

GUARGUM (JAN) Trend

• Bullish • Buy on dips

Strategy

CHANA (JAN) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 3560 • R1 - 3490

Support

• S1 - 3420 • S2 - 3350

GUARSEED (JAN) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 - 30200 • R1 - 29600

Resistance

• R2 - 9100 • R1 - 8950

Support

• S1 - 29150 • S2 - 28664

Support

• S1 - 8800 • S2 - 8660

JEERA (JAN) Trend Strategy

• Consolidate • Sell on high

MENTHA OIL (JAN) Trend

Strategy

• Bullish • Buy on dips

Resistance

• R2 - 15930 • R1 - 15620

Resistance

• R2 - 1490 • R1 - 1463

Support

• S1 - 15300 • S2 - 15000

Support

• S1 - 1440 • S2 - 1410

PEPPER (JAN) Trend Strategy

• Consolidate • Sell on high

MUSTARD SEED (JAN) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 31100 • R1 - 30400

Resistance

• R2 - 3850 • R1 - 3775

Support

• S1 - 29750 • S2 - 29100

Support

• S1 - 3705 • S2 - 3630

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SOYABEAN (JAN) Trend Strategy

• Consolidate • Buy on dips

TURMERIC (APR) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 2610 • R1 - 2560

Resistance

• R2 - 4780 • R1 - 4680

Support

• S1 - 2510 • S2 - 2460

Support

• S1 - 4590 • S2 - 4490

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